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HOW THE REAL-LIFE
‘GORDON GECKO’ DOMINATED WALL STREET
HOW THE REAL-LIFE ‘GORDON GECKO’ DOMINATED WALL STREET
HOW THE REAL-LIFE ‘GORDON GECKO’ DOMINATED WALL STREET
Carl Icahn is part of the top 50 richest men in the world with a net worth of $15.1 billion, according to Forbes. He is widely known as one of the most polarizing people in Wall Street with a reputation for delivering controversial decisions and initiatives that heavily influence corporate America. Some of his widely reported ventures include his takeover efforts of Texaco, Trans World Airlines (TWA), and American Airlines. He founded Icahn Enterprises (formerly known as American Real Estate Partners) and is the chairman of American developer and manufacturer Federal-Mogul as well. His brash leadership style and fearless takes on the market has made Icahn one of the highly respected men in the world today.
Icahn was born on February 16, 1936 to Bella Icahn, a public school teacher, and Michael Icahn, a cantor, in Brooklyn, New York. Even at a young age, the billionaire investor had learned the value of money and hard work as he struggled to survive the harsh Brooklyn environment where he was raised. Following his graduation from Far Rockaway High School, Icahn gained acceptance at Princeton University for his remarkable grades.
In 1957, he completed his bachelor’s degree in Philosophy from Princeton and enrolled at New York University School of Medicine. However, Icahn’s lack of interest in the course prompted him to drop out in his third year. He then went into the Army Reserves.
He was also tagged as one of the experts in “greenmailing.” This practice stemmed from his hard-hitting takeover attempts which often forced companies to do either one of two things: they would comply with his demands for reforms or they would just decide to buy him out to end the issue. His success story had become extremely well-known that reports point to him as the inspiration for the character named Gordon Gekko in the film titled “Wall Street” released in 1987.
In 2007, Icahn took over as CEO of Icahn Capital LP and decided to close the company to outside investors in 2011. He made headlines once again when he acquired significant shares in Netflix as well as in his takes on the direction taken by huge companies like Apple, Dell, eBay, and Family Dollar.
Icahn has two children with his first wife, Liba Trejbal. He remarried in the early 1990s and had a son named Brett with his second wife, Gail Golden. Forbes Magazine ranks him as the fifth wealthiest hedge fund manager and the 26th richest person on the Forbes 400 list.
Billionaire Carl Icahn: With Mark Stevens – TIP104
Billionaire Carl Icahn: With Mark Stevens – TIP104
Billionaire Carl Icahn: With Mark Stevens – TIP104
Listen to The Investor’s Podcast’s episode wherein Preston and Stig discusses Mark Stevens’ book, King Icahn: The Biography of a Renegade Capitalist. Learn more about his journey to success and his tips and tricks on making it big in business and investing.
Get to listen to more free episodes of The Investor’s Podcast and discover the secrets to success and other books about other Billionaires by subscribing via iTunes, Stitcher, or Soundcloud.